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$$$

The apparent (slightly simplified) conservative budget plan:

"What? I can't be out of money! I still have credit cards! Maybe I should ask for a pay cut."

Comments

( 5 comments — Leave a comment )
jeran
Mar. 17th, 2004 03:45 pm (UTC)
s/ask for/ask everyone else to take/
ex_celendis388
Mar. 17th, 2004 04:01 pm (UTC)
Aha, trying to describe the Bush plan, or perhaps even the Schwarzenegger plan? =)
revar
Mar. 17th, 2004 05:58 pm (UTC)
In this particular case it is a combination of Bush, and congress republicans.

We have a projected half trillion dollar deficit for 2004. And they seem to be advocating tax cuts as being more important than spending reductions. *brain breaks* Ow.
cjthomas
Mar. 17th, 2004 08:41 pm (UTC)
Tax cuts.
We have a projected half trillion dollar deficit for 2004. And they seem to be advocating tax cuts as being more important than spending reductions. *brain breaks* Ow.

The justification I've heard for this is that people will spend more when less of their income is taxed, and businesses will move more product when there are fewer taxes to inhibit commercial flow of cash, and that the resulting more active economy boosts everything.

My suspicion is that this is sometimes true, but overused as an explanation. Your mileage may vary. I am not an economics major.

This tends to be how the anti-tax people think, when they think at all, at any rate. (I'm fully aware that voters on neither side think a whole lot.)
revar
Mar. 18th, 2004 01:21 pm (UTC)
Re: Tax cuts.
I would believe this explanation if the tax cuts weren't usually targeted at the richest 1% of the population.

Mind you, to be fair, we did have a one-time general tax rebate a couple years back, when we had surpluses.
( 5 comments — Leave a comment )